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ABL Technology Member News & Industry Trendletter * July 16, 2019
UPCOMING ABL TECHNOLOGY
ROUND TABLES
  • 8/1 - Orange County Round Table
  • 8/2 - San Gabriel Valley/Monrovia Round Table
  • 8/9 - West Los Angeles/Santa Monica Round Table
Five Keys for Making Smarter Decisions
by Mimi Grant

Over a third of millennials in the workforce fear that Artificial Intelligence will kill more jobs than it creates, according to the Silicon Valley Business Journal. This is ironic, because 96% of the boomers and 88% of the Gen-Xers who employ them in the tech industry believe that AI will create more jobs. Perhaps the reason for the disconnect is that, intuitively, the leadership of the tech industry already knows that AI will only help lower the cost of making predictions, but by itself, it won't make smarter decisions. Which leads one to ask, then, what does? CLICK HERE TO READ REST OF BLOG.

 
ARTICLES
TECH MEMBER NEWS
WEST LOS ANGELES ROUND TABLE
Catasys Announces Addition to Russell 3000 & 2000 Indexes

Catasys, Inc. has been added to the Russell 3000 and 2000 Indexes, effective July 1, 2019. The annual Russell Indexes reconstitution captures the 4,000 largest U.S. stocks at the close of the market on May 10, 2019, ranking them by total market capitalization. Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading global index provider. (Rick Anderson)

Cornerstone's Adam Miller Recognized as a 2019 Best CEO for Women

Comparably, a culture and career monitoring website, has named Cornerstone OnDemand CEO Adam Miller as one of the top 50 CEOs in the U.S. for female employees. Chosen among the CEOs of over 50,000 U.S. companies, the list was derived from approval ratings provided by female employees who anonymously rated their employers between June 2018 and June 2019. "Our success to date could not have been achieved without the determination and leadership of the women in the company," said Adam. (Adam Miller)

FayeBSG & SourceScrub Partner on Integration for SugarCRM

Faye Business Systems Group has announced a strategic partnership with SourceScrub, an origination intelligence and target identification platform for M&A professionals, with the integration of the SourceScrub platform with the Sugar platform. This allows M&A professionals to use this CRM platform to source investment opportunities and maintain active business data in Sugar. (David Faye)

MONROVIA ROUND TABLE
Coherent's Randy Heyler Interviewed in Industry Journal

AZO Optics recently published The "Structural Fingerprint" of Raman Spectroscopy, an interview with Randy Heyler, of Coherent, on extending Raman Spectroscopy into the THz regime, delivering chemical composition and structural information to form the "structural fingerprint." Randy discusses the TR-Probe offered by Coherent's Ondax, including applications it can be used for, other solutions it provides, and how Ondax Raman solutions will advance the industry's understanding of materials characterization. (Randy Heyler)

Electrosonic's Bryan Hinckley Featured in Podcast on New AV Tech

Bryan Hinckley, President of Electrosonic, took part in a recent podcast - It's Not the Technology That Is Exciting; It's the Potential to Create Experiences, presented by ProAv and MarketScale, providing technology and culture perspectives on the effects of the recent InfoComm 2019 conference. "It is about the new experience economy," Electrosonic reports. "And more specifically, about the ability to leverage technology advances in ways never imagined before to deliver the type of immersive experience today's consumers crave. Meanwhile, recent blog posts from Electrosonic include: "4 Things You Need to Know About the Changing Face of the Traditional Workplace;" "What is a Huddle Room?" and "Reinventing the Corporate Enterprise Space to Captivate Visitors & Employees." (Bryan Hinckley)

Parasoft Named a Software Development Leader-Innovator

Parasoft has been named to the "2019 SD Times 100," which recognizes those companies and organizations that are the leaders, innovators, and influencers in the software development market. "They have flown ahead of the flock with new, innovative projects or by establishing leadership positions, or by influencing how and what we create," SD Times reports. Meanwhile, in 3 Practical Ways to Future-Proof Your IoT Devices, Parasoft says that while it's best to start embedding compliance activities into software design from the beginning, it's well known that stringent development processes can impact time-to-market. Parasoft suggests some low-impact actions a company can take today to prepare for satisfying the stringent compliance requirements of tomorrow. (Elizabeth Kolawa)

PeopleG2's Chris Dyer Interviews Maroon Vault's Brian Arandez

In a recent episode of Talent Talk Radio Show, which is hosted by Chris Dyer, CEO of PeopleG2, Brian Arandez, of Maroon Vault, talks about how important it is to have employees that are fulfilled in their work, and having a company that is relationship-driven rather than just driving the "machine." And, on July 17, PeopleG2 will present a free webinar - Tough Conversations at Work: Bad Bosses to Bad Employees - at 9 a.m. Pacific. Meanwhile, Chris was interviewed in a recent podcast - The Power of Company Culture. (Chris Dyer & Brian Arandez)

Tanner Research CEO to Present Nutrition Science Events

On the evening of July 25, John Tanner, Ph.D., CEO of Tanner Research, will present Dinner and Movie Night: PlantPure Nation, a documentary that tells the story of three people on a quest to spread the message of "one of the most important health breakthroughs of all time." The event, to be held at Tanner Research in Monrovia, will include a healthy dinner buffet in an informal setting, with convenient free parking. And, on August 15, John will present a free Nutrition Science workshop, where he will share his story about how he suffered a near-fatal cardiac arrest in 2009. Since then, he has studied intensely the causes of heart disease, and found that it can be completely avoided through a proper diet - and cancer, stroke, diabetes, high blood pressure, and about 30 other diseases can be reduced, avoided, or reversed by this same diet. John will field questions and participants will continue nutrition discussions in small groups. The workshop includes a meal and your choice of one of the top books on nutrition science. (John Tanner)

ORANGE COUNTY ROUND TABLE
Envision Financial Systems Joins NICSA Data Analytics Committee

Envision Financial Systems' Head of Alternative Investment Solutions, Mike Huisman, has joined the NICSA Data Analytics Committee, which seeks to promote best practices in the field as well as contributing content and programming ideas to the broader organization. (Satnam Gambhir)

INSIGHTS FROM ADAPTIVE
BUSINESS LEADERS
Dave Berkus on: His part in making a Coke commercial one of the top ten ads in history - plus two more great blogs

"Here's the video from the CocaCola ad in 1971 that remains one of the top ten advertisements in history," Dave shares. "The Hollywood record manufacturing company I owned produced the 45 RPM records of this song for the CocaCola bottlers of North America and sold millions. Great memories being a small part of a great treasure." Meanwhile, in Do you take those loyal, key customers for granted?, Dave says that his fellow CEO round table members have set a bar of 15% as the minimum amount of time each week that a good CEO should spend reaching out to the company's key customers in a proactive attempt to find issues, trends, unmet product needs, and to create bonds that make their jumping to a competitor more difficult. He suggests showing customers a prototype, asking for their input to improve it and/or adapt it to the customer's needs. And, in Can you name the two most powerful words for business?, Dave reveals that an important tactic in negotiation is the strategic use of the words, "Help me," when attempting to understand the position of an adversary. Suddenly that person feels it reasonable to explain the reasons behind a position, or facts that may not have been available to you, all in order to support his or her position. Armed with those new facts, a good negotiator can often craft a solution that addresses those concerns and achieves the goals of both parties. (Dave Berkus, Monrovia & West Los Angeles)

Get Visible on: Strategies for ADA, Social Media, Cold Emails & Branding

Jason Ciment, CEO of Get Visible, has provided the following tips and strategies:
> The American Disabilities Act & your website: A new online resource that covers everything regarding upgrading your site to be ADA Compliant.
> 117 ways to be more effective on LinkedIn: This article covers 117 tactics for using LinkedIn to get more attention, and visit Get Visible's new YouTube channel that includes videos on advanced LinkedIn tactics.
> Cold outreach emails: this article is an amazing walk-through of the process.
> Videos: stream them to 30 different platforms; there's even a free version.
> Branding a service: this article from LinkedIn Pulse illustrates the point quite well.
(Jason Ciment, West Los Angeles)

Intellect on: Configurability & Digital Document Management

In Why Configurability Is Key When Choosing the Right QMS Platform, Intellect declares that having configurable quality management software is essential for an organization - and why an effective out-of-the-box system doesn't realistically exist. A configurable system allows an organization to modify and optimize its processes to adhere to new demands and maintain uninterrupted compliance. And, in Embrace the Advantages of Digital Document Management, Intellect points out that an electronic record-keeping system keeps track of where each document is in the review process, and automatically marks each step's due date, ensuring that documents are routed to the right people at the right time. And when it comes to compliance and conformity, automation ensures that mistakes are much less likely to happen. (Romeo Elias, West Los Angeles)

The Development Factory on: Transforming Your Product

In Transform Your Product to Become the Market Leader, Again, Andrew Bodis, President of The Development Factory, provides the link to a Transformation Progress Assessment, which will help users check where they are on the road to transforming and modernizing their product and operations. Those who choose to move forward will receive a clear plan and implementation services to improve customer retention, find new revenue sources, and ship new features faster. (Andrew Bodis)

UGovernIT on: The 4 D's of Technology Management

Subbu Murthy, CEO of UGovernIT, asks: "Which of the four Ds of technology management is difficult? Technology is the substrate of all organizations. Most CIOs have now recognized that they cannot manage technology as a back-office platform; rather, they have to drive the business leveraging technology as the backbone. We advise CIOs to model their technology department similar to what Infogen Labs (our solutions arm) has done over the past three years: 1. Decision (Strategy); 2. Direction (Strategy Execution); 3. Design (Architecture/ Platform); 4. Delivery (Solutions, Dev-Security-Operations, Compliance). Having resources at these four levels is critical. Identifying the 'what' (Strategy), according to Jedidiah Yueh, is the most crucial. From a resource perspective, the hardest gap to fill is the third level - Design. Developing the right architecture is critical." (Subbu Murthy, Orange County)

HEALTH IT MEMBER NEWS
Welcome New Member! Arup Roy-Burman, MD, Co-Founder and CEO of Elemeno Health

Elemeno Health is the developer of a proprietary cloud-based solution for front-line healthcare teams. Developed in collaboration with UCSF Medical Center, the Elemeno solution provides "just-in-time" training, which enables front-line medical professionals to quickly access interactive guidelines, smart checklists, and concise how-to videos from any device, 24/7. Elemeno's solution is in use by teams in multiple large medical centers and county health systems, where it simplifies complicated best practices into bite-sized learning and includes both social and gamification elements designed to engage and motivate team members. FierceHealthcare named Elemeno Health a "2019 Fierce 15" company, designating it as one of the most promising healthcare companies in the industry. The company is backed by Launchpad Digital Health, Y Combinator, Fenway Summer, and Berkeley Angel Network. Prior to co-founding Elemeno in 2016, Arup was Medical Director of the Pediatric ICU and Director of Transport, Access and Outreach for UCSF Benioff Children's Hospital. A Pediatric Intensivist, his career has also included working within Children's Hospital Oakland, Children's Critical Care Medical Group, and Marin General Hospital. Arup has joined the East Bay Area Healthcare Round Table.

AgilisIT CEO Interviews Healthcare CEOs in Podcast Series

Joyce Tang, CEO of AgilisIT, has launched a podcast series, called Beating Goliath: The Blood, Sweat and Tears of Healthcare Startups, in which she interviews company founders and executives to find out how they are "punching above their weight and winning," plus insider tips from angel investors and venture capitalists. Recent episodes include interviews with Family Proud CEO Jaden Risner; WellBrain CEO Sumeet Maniar; P2B Investor Founder Krista Morgan; former VC and Founder of VAVICI Dr. Han Chiu; Purewick CEO Dr. Camille Newton; A Passion For Care CEO Patricia Melzer; and Elemeno Health founder Dr. Arup Roy-Burman. (Joyce Tang, Orange County Healthcare)

Alvaka Networks Offers Tips on Choosing an MSP & on Software Security Patching

In Finding an MSP to Protect Yourself from Outsourcing IT Risks, Alvaka Networks explains that managed service providers (MSPs) help fill the gaps, support strategic initiatives, and lighten the load an organization's internal IT staff carries to make sure it protects customers from outsourcing IT risks. But due to recent high-profile attacks on local and global IT MSPs, company leaders may be concerned about the safety of working with an MSP. Alvaka provides a list of questions to ask both potential and existing MSP partners. Meanwhile, Alvaka will host a live and interactive webinar - Software Security Patching: Why you are struggling with this essential task!, on multiple dates in July and August. This webinar will take a deep dive into this complex security dilemma, what the risks are, and how you can start to solve this problem. (Oli Thordarson, Orange County Healthcare)

VivaLNK's Medical Sensor Platform Highlighted in Industry Journal

MedCity News recently published Silicon Valley startup VivaLNK wants to be the Amazon Cloud of remote patient monitoring, which describes VivaLNK's range of sensor device products. "VivaLNK is currently developing a cardiac device, which is the centerpiece of a new platform with the capability to diagnose a-fibrillation more quickly and efficiently than traditional clinical standards," MedCity News reports. "The company has also made a software development kit available for the new device to allow third-parties to build in their own diagnostic and clinical decision support tools utilizing VivaLNK's hardware in areas like stroke prevention and hypertension control. VivaLNK's device has been submitted to regulators for marketing clearance and the first major market for its new offering will likely be Europe." (Jiang Li, Ph.D., Silicon Valley Healthcare)

ZEISS Achieves Breakthroughs in Digital Tech & High-Resolution Imaging

ZEISS Medical Technology Segment recently announced several breakthroughs in digital technologies and high-resolution imaging: the ARTEVO 800, the first digital microscope in ophthalmic surgery; CLARUS 700, the first device that combines ultra-widefield UWF imaging, excellent image quality, and a full range of fundus imaging modalities, including fundus angiography; and the completion of two million Small Incision Lenticule Extraction (SMILE) treatments to date. (Angelo Rago, Bay Area Healthcare)


TECH INDUSTRY NEWS & TRENDS
Do U.S. Workers Embrace or Fear AI? Conflicting Reports

The majority of U.S. workers (70%) said they hold a positive outlook on artificial intelligence (AI) technologies, including chatbots, augmented reality (AR), and robots, according to Genesys's Workplace Attitudes to Artificial Intelligence report. 1,000+ U.S. workers were surveyed to determine current sentiments around integrating AI in companies. Only 4% of respondents said they consistently feel threatened by technology at work, while 75% said they rarely or never feel threatened. Some 32% said they believe AI will have an overall positive impact on their job in the next five years. 66% said this technology will make them even more efficient at their jobs, the report found. (Read Article: TechRepublic, 7/10/19)
Meanwhile, according to a new report from KPMG, 96% of baby boomers and 88% of Gen-Xers in leadership positions in the tech industry believe that AI will create more jobs than it eliminates. However, more than 33% of millennials think AI will kill more jobs than it creates. Millennials currently make up the majority of the U.S. labor force: By 2025, 75% of U.S. workers will be millennials. At least 54% of all employees will require significant training to remain competitive, according to KPMG. 42% of tech CEOs globally plan to retrain more than half their workforce in digital skills over the next three years. (Read Article: Silicon Valley Business Journal, 7/15/19)

Consortium of Tech Firms Sets AI Benchmarks

A consortium of tech companies, including Facebook Inc. and Alphabet Inc.'s Google, has released a set of benchmarks for evaluating the performance of artificial intelligence tools, aiming to help businesses navigate the fast-growing field. The benchmarks - which cover image recognition, object detection, and voice translation - are meant to help companies compare various AI tools to see which work best for them as they pursue their own AI initiatives. (Read Article: Wall Street Journal, 6/25/19)

In Aftermath of Tech Outages, Execs Struggle with Stress

Cyberattacks, tech outages and breaches cause stress-related illnesses and impact the mental well-being of 51% of tech executives, according to a recent survey of 800 C-suite executives from IT recovery firm Sungard AS. That number reaches 56% among CTO and CIO roles. (Read Article: CIO Dive, 7/10/19)

Amazon Requests FCC OK of Internet Satellite Plan

Amazon has asked the FCC for permission to launch satellites into Earth's orbit to push forward with a plan to create a global broadband network. Amazon said "Project Kuiper" will bring together 3,236 satellites in low Earth orbit to improve online connectivity in rural and underserved areas across the globe. The tech giant hopes to deploy satellites at three different altitudes in order to serve "tens of millions of people who lack basic access to broadband Internet." (Read Article: ZDNet, 7/8/19)

Soon Your Phone Will Be Your Driver's License, MetroCard and More

Several states are exploring a switch to digital driver's licenses as smartphone-based technology replaces more cards that consumers once carried in their wallets, tech columnist Joanna Stern writes. She examines the status of the technology; its use in transit systems, school and work ID cards; and data privacy issues. (Read Article: Wall Street Journal, 6/27/19)

Employee Activism Is Alive in Tech, but Stops Short of Organizing Unions

Tech workers at Silicon Valley's largest companies have engaged in an unusual degree of activism over the past few years - and it has gotten results. At Google, employees have written letters and signed petitions to force their leaders to address issues such as how artificial intelligence is used in products. Last November, 20,000 Google employees staged a walkout to protest the firm's handling of sexual harassment, leading to new company policies. Workers at Amazon, Facebook, Microsoft, and Salesforce have also pushed for various changes. But failed unionization efforts at tech company NPM shows the obstacles to employee activism in the tech industry, and how moving from speaking out for change to collective bargaining so far remains a distant prospect. (Read Article: New York Times, 7/8/19)

Big Tech Summoned to Washington for Antitrust Hearing

Representatives of four huge U.S. technology companies will testify this week at a hearing on "online platforms and market power," the House antitrust subcommittee said. The July 16th hearing will be an early flashpoint in what is shaping up to be a years-long, high-stakes debate in Washington about if, and how, to limit the reach and influence of tech giants over markets and Americans' personal lives. The attendees include executives from Alphabet's Google, Amazon, Facebook, and Apple, said the Democrat-led panel, which is conducting a broader inquiry into antitrust concerns in the tech sector. (Read Article: Wall Street Journal, 7/9/19)

Long Beach to Gain New 400MWh Energy Storage System

The City of Long Beach will be the site of a new, 400 megawatt-hour battery-based energy storage system, as part of Southern California Edison's (SCE) support of California's clean energy efforts, according to power plant operator AES Alamitos. The battery storage allows the system to insert power to the power grid at times of peak demand, with energy from that system contracted to SCE. The move will help California meet its "aggressive target" of 100% clean energy by 2045. (Read Article: socaltech.com, 6/27/19)

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